Key Updates:

• TON Strategy Company (TONX) has repurchased over 250,000 shares of its common stock priced at $8.32 each, considerably lower than its declared treasury asset value (TAV) of $12.18.
• This repurchase is part of a $250 million share buyback program initiated after a 40% decline in share value within a month.
• Additionally, the company has begun staking its TON holdings totalling 217.5 million tokens to earn rewards and generate yields.

Context:

Data from StakingRewards indicates potential yields could reach up to 4.8%. According to company sources, each TON token is trading at $3.24, potentially leading to nearly $34 million in annual yield if the full treasury is staked.

Currently, shares of TON Strategy have declined over 43% in the last month, and during the most recent trading session, a 9.2% drop was recorded. However, in after-hours trading, shares increased by 3.7%.